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Thursday, March 01, 2007

Market Watch & Insider Trades


Insider Trades:
Gammon India Ltd: Franklin Templeton Mutual Fund has sold in open market 744712 equity shares of Gammon India Ltd on 20th February, 2007.

Alstom Projects India Limited: Reliance Vision Fund - Scheme of Reliance Mutual Fund has purchased from open market 48000 equity shares of Alstom Projects India Limited on 26th February, 2007

Market Volumes:
The turnover on NSE was up by 55% to Rs126.8bn. BSE Technology index was the major loser and lost 4.65%. BSE Metal index (down 4.64%), BSE Bank index (down 4.28%) and BSE Consumer Durable index (down 3.57%) were among the other major losers. However, BSE FMCG index gained 0.48%.

Volume Toppers:
ITC, IFCI, Gujarat Ambuja, SAIL, IVRCL, PFC, Ashok Leyland, India Cement, NTPC, Reliance, Nagarjuna Construction, TTML, Satyam, Tata Steel, Bajaj Hindusthan, HLL and TV Today.

Lower Circuit Filters:
Crisil, GMR Industries, Aftek, Nucleus Software, Goldstone Technology, Atlanta, Tanla, PSTL, Shree Ashtavinyak, Autoline Industries, Saksoft, Vyapar Industries, Ananat Raj Industries, Patel Engineering, Shree Precoated, Ansal Housing, Aurionpro Solutions, Country Club, Donear Industries, Gemini Communication, KS Oils, McNally Bharat, BF Utilities and Taneja Aerospace.

Delivery Delight:
ABG Shipyard, Alstom Projects, Bajaj Hindustan, Apollo Hospitals, Balrampur Chini, BPCL, Colgate, GAIL, Gitanjali Gems, Hindustan Motors, ITC and Navneet Publications.

Major News Headlines:

Maruti to raise prices from 15th March

India Cements to give 1 share for every 5 held in Visaka Cement

Moser Baer subsidiary ties up with Deutsche Solar

Tech Mahindra forms partnership with Tazz Networks

Brokers Recommendation:
JSW Steel - Outperformer from HDFC Secs with target of Rs560.

Long Term investment:
Jain Irrigation